The UK Economy Stalls, Brexit Vote Looms The UK economy has slowed noticeably as the country moves toward the European Union (EU) membership referendum on 23 June. The uncertainty that shrouds the outcome is tolling on the economy. The rate of growth fell Q-1 of this year to 0.4 from 0.6% in Q-4 of Y […]

South Korea’s Household Consumption Falling Private (household) consumption in South Korea fell in Q-1 on lower household income, a government report revealed Friday. Monthly private consumption averaged 2,669,000 Won (US$2,262) per household during the January-March period, up 0.6% from the same frame last year, according to Statistics Korea. Real private consumption, adjusted for inflation, declined […]

FOMC Keeps Threat of Interest Rate Hike “In the Mix” $DIA, $SPY, $QQQ, $VXX Wednesday afternoon, the US Fed kept interest rates unchanged, and indicated their confidence in the anemic US economy, thus keeping the door open to a hike in June. The FOMC said the labor market had improved despite a recent economic slowdown […]